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Behind the Scenes: The Dealership Finance Department
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<blockquote data-quote="M91196" data-source="post: 15714428" data-attributes="member: 168741"><p>Interesting, I know very little about the banking business so I figured if a loan had total interest of $1200 that there was no way they carve off hundreds as a spiff to a 3rd party.</p><p>Auto loans must be the ultra competitive low margin end of the consumer lending business.</p></blockquote><p></p>
[QUOTE="M91196, post: 15714428, member: 168741"] Interesting, I know very little about the banking business so I figured if a loan had total interest of $1200 that there was no way they carve off hundreds as a spiff to a 3rd party. Auto loans must be the ultra competitive low margin end of the consumer lending business. [/QUOTE]
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Behind the Scenes: The Dealership Finance Department
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